Brightfolk picks up a stake in online payments provider Klarna

fintech insurtech wealthtech regtech ai cybertech esg news
fintech insurtech wealthtech regtech ai cybertech esg news

Brightfolk has bought a stake in European online payments provider Klarna.

The firm acquired the share from existing holders General Atlantic, DST Global and Niklas Adalberth, with all still retaining a stake in Klarna.

Founded in 2005, Sweden-based Klarna allows customers to make an online payments via selected stores through ‘pay after delivery’, ‘buy now pay later’, ‘planned payments’ or ‘pay now’ terms.

The company has partnered with 70,000 merchants and has 60 million users across Europe and North America.

Over the last year the firm has seen a 50 per cent increase of transaction volumes, with 12 million consumers trying the company’s products for the first time.

Klarna co-founder and CEO Sebastian Siemiatkowski said, “As Klarna continues its path towards a smoother shopping experience, few people could be a better fit than Anders Holch Povlsen.”

General Atlantic and DST Global invested into the company in 2011, taking part in its $155m Series C.

Copyright © 2017 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.